It's equivalent to the OpenImageDenoise prefiltering option in Cycles X.
See D12043: Cycles X: Support OIDN with guiding pass prefiltering.
Prefilter modes:
- None: No prefiltering, use when guiding passes are noise-free.
- Fast: Denoise image and guiding passes together. Improves quality when guiding passes are noisy using least amount of extra processing time.
- Accurate: Prefilter noisy guiding passes before denoising image. Improves quality when guiding passes are noisy using extra processing time.
Test file: F10350566
Reference image:
Denoising prefilter (64 samples render):
| None | Fast | Accurate |



